The calendar, in one line
Since the data begins, the rupee price of gold has risen in 187 of 312 months (60%) and silver in 163 of 312 (52%). By calendar month, gold's median is highest in January (+4.06%) and silver's median is lowest in June (-3.84%). That is the whole story at a glance; the details are below, along with reasons not to trade on it.
We took the last price in each month from WealthTicker's rupee-per-gram history for gold and silver, which starts on 30 August 2000, and measured each month's change from the previous month-end. September 2000 to September 2026 gives 312 monthly changes and 26 for each calendar month. October 2026 is excluded because it is not over.
Month by month
| Month | Gold: median | Gold: up months | Gold: range | Silver: median | Silver: up months | Silver: range |
|---|---|---|---|---|---|---|
| Jan | +4.06% | 17 of 26 | -4.4% to +11.8% | +2.80% | 18 of 26 | -7.4% to +18.1% |
| Feb | +1.35% | 16 of 26 | -8.0% to +11.6% | +0.49% | 13 of 26 | -10.6% to +18.6% |
| Mar | -0.85% | 12 of 26 | -8.2% to +8.5% | -0.42% | 12 of 26 | -16.4% to +18.8% |
| Apr | +1.58% | 19 of 26 | -8.0% to +13.0% | -1.13% | 11 of 26 | -21.7% to +27.4% |
| May | +0.73% | 17 of 26 | -6.3% to +8.3% | +1.85% | 15 of 26 | -19.8% to +24.9% |
| Jun | -0.92% | 12 of 26 | -13.2% to +9.0% | -3.84% | 9 of 26 | -22.4% to +16.8% |
| Jul | +1.37% | 16 of 26 | -6.0% to +8.3% | +1.40% | 16 of 26 | -5.4% to +29.2% |
| Aug | +2.87% | 20 of 26 | -6.7% to +17.9% | +1.00% | 14 of 26 | -21.2% to +32.6% |
| Sep | -0.04% | 13 of 26 | -11.3% to +12.6% | +0.72% | 14 of 26 | -23.4% to +16.5% |
| Oct | +0.48% | 13 of 26 | -13.1% to +7.0% | +1.58% | 14 of 26 | -15.7% to +13.8% |
| Nov | +1.14% | 14 of 26 | -6.0% to +14.9% | -1.94% | 12 of 26 | -7.7% to +18.6% |
| Dec | +2.14% | 18 of 26 | -8.4% to +9.1% | +3.27% | 15 of 26 | -13.4% to +24.8% |
Up months are months in which the rupee price rose.
What stands out
Gold's good months cluster around the start of the year and August. January, August and December are the three months with the highest median gain for gold, and August had the most up months of any (20 of 26). A price series cannot show why. Our look at gold and silver in every Samvat since 2007 takes the Diwali-to-Diwali view instead.
March and June are gold's weak spots. Both have medians below zero and rose in only 12 of 26 years, the fewest of any month.
Silver is the more erratic metal. Its monthly ranges are far wider: April runs from -21.7% to +27.4% and August from -21.2% to +32.6%, against about 25 points for gold's widest month, August. Its mean monthly gain (1.42%) is above gold's (1.23%), but its median (0.36%) is far below gold's 1.16%, which means a few huge months carry the average.
The 2026 months in this table
Three of this year's months stand out. January 2026: gold +11.8% and silver +14.1%. June 2026: gold -13.2%, the worst June in the history, and silver -22.4%, also the worst. August 2026: gold +8.8% and silver +14.6%. The June fall is covered in the gold price fall of June 2026, and the year's path is in gold and silver prices for the year to October.
Because the history is only 26 years long, a single year like 2026 can move a month's average noticeably. That is why the medians and counts of up months, which one outlier shifts less, are the better columns to read.
Why this is not a trading calendar
The sample is small. Twenty-six observations per month is too few to separate a seasonal effect from luck. Gold rose in 60% of all months, so a calendar month that rose in 65% of years (17 of 26) is barely above the everyday baseline, and even a coin that came up heads 60% of the time would show a run like that in some of twelve tries.
Ranges swamp medians. Even gold's best month, January, fell 4.4% in its worst year. The spread within any calendar month is much wider than the gap between months.
Prices already include expectations. If a month were reliably strong, buyers would move earlier, and the pattern would shrink. For how long recoveries take after a peak, see how long gold and silver took to regain a peak, and for the same view of equities, the Nifty 50 by calendar month.
This note describes rupee prices from our database. It is not a recommendation to buy or sell gold or silver.
Frequently asked questions
Which month is best for gold in India?
In rupee terms since 2000, January had the highest median monthly gain for gold (+4.06%) and gold rose in 17 of 26 Januaries. August had the highest share of up months, 20 of 26 (77%). With only 26 observations per month, this is a description of history, not a pattern that can be relied on.
Which month has been weakest for silver?
June. Silver's median June move was -3.84% and it rose in only 9 of 26 Junes. The worst was June 2026 at -22.4%.
Can this calendar be used to time gold purchases?
No. Each month has only 26 data points, the best and worst years for the same calendar month differ by at least 14 points for gold, and a few extreme years drive the averages. It shows how the metals have behaved, not when they will move.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.
Keep reading
Gold and silver: how long each took to regain its peak
Gold took 2,474 days to regain its 2012 peak in rupees; silver took 3,391 days. Today gold is 18.0% and silver 44.9% below their January 2026 highs.
Gold and silver's biggest one-day moves since 2000
Silver lost 31.5% in rupees on 30 January 2026, the worst day in our data since 2000. Gold fell 11.0% that day. The biggest daily swings, ranked.
Gold and silver in every Samvat since 2007
Gold rose in 13 of 18 Diwali-to-Diwali years since 2007, silver in 10. Gold's median year was +15.1%, silver's +12.9%, but silver's swings were far wider.